CUBE Q1 2022 Earnings — CubeSmart Revenue & Financial Results | Market Cap Arena

CUBECubeSmart

$9B

Q1 2022 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$239M+26.2% YoY

Gross Profit

$168M70.5% margin

Operating Income

$154M64.4% margin

Net Income

$38M16.0% margin

EPS (Diluted)

$0.07

QoQ Revenue Growth

+7.3%

Cash Flow

Operating Cash Flow

$131M

Free Cash Flow

$131M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$6.5B

Total Liabilities

$3.5B

Stockholders' Equity

$2.8B

Cash & Equivalents

$8M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$239M	$189M	+26.2%
Gross Profit	$168M	$128M	+31.4%
Operating Income	$154M	$117M	+31.3%
Net Income	$38M	$42M	-8.6%

Revenue Segments

Other Property Related Income

$22M74%

Property Management Fee Income

$8M26%